Using HODL waves one can check how many hodlers are there on the blockchain. Currently, around 13% of all bitcoins are held for 3-5 years. Previous tops have occurred when this hodler cohort starts decreasing.

whalemap Except the percentage increase of hodlers since each halving to each peak seems about the same in all three so ... we could be near a turning point? The chart looks like it’s about to dip

. Interesting. Here is the 2-3 year chart as well for reference. Tops here coincide with this cohort falling to around 5%